Business

Work on new export processing zone in Bingiriya begins

Views - 83 Tuesday, 5 March 2019 01:31

Construction work on the country’s largest export processing zone (EPZ) in Bingiriya was commenced by Prime Minister Ranil Wickremesinghe yesterday.   Bingiriya EPZ was initiated after 15 long years. Currently, Sri Lanka has 12 EPZs in Sri Lanka


February inflation rises to 4%

Views - 67 Tuesday, 5 March 2019 01:30

Inflation in February rose slightly to 4% from 3.7% in January, largely due to increases in non-food items, according to the Census and Statistics Department. The YoY inflation as measured by CCPI is 4.0% in February 2019 and inflation calculated for


Katha Baha at University of Moratuwa tackles the oil and gas industry

Views - 90 Tuesday, 5 March 2019 01:28

As another milestone of monthly ‘Katha-Baha’ session organised by Department of Chemical and Process Engineering, University of Moratuwa, a public seminar on upstream oil and gas exploration and production industry under the topic ‘Oil and Gas


Pathfinder Centre for Law of the Sea Director addresses Institution of Engineers, Sri Lanka

Views - 42 Tuesday, 5 March 2019 01:28

Pathfinder Foundation Centre for Law of the Sea Director Admiral Prof. Jayanath Colombage delivered a public lecture titled ‘Ocean Wealth and Ocean Health’ at the Institute of Engineers, Sri Lanka (IESL). The lecture was organised by the Civil En


Sri Lanka launches apex trade quality operation

Views - 210 Tuesday, 5 March 2019 00:10

In the pursuit of its ambitious new export target of $ 23 b by next year, Sri Lanka is enlisting unprecedented international backing to advance its export standards, specifically on quality. The latest nationwide effort which would see the birth of


MTD Walkers’ credit rating downgraded

Views - 76 Monday, 4 March 2019 00:18

ICRA Lanka Ltd. has revised the issuer rating assigned to MTD Walkers PLC to C from B- with a negative outlook. ICRA Lanka has also revised the issue rating assigned to MTD’s senior unsecured redeemable debenture program of Rs. 3 billion to C from


Bangladesh Business Co-operation Council appoints Renuka Jayamanne as new president

Views - 80 Monday, 4 March 2019 00:17

Mr. Asela De Livera, President of the National Chamber of Commerce Sri Lanka and Immediate Past President  of the Bangladesh Business Cooperation Council, Members of the head table, Council Members of the Chamber, Invitees, fellow colleagues, ladie


Frostaire to service Sri Lanka’s refrigeration industry with locally manufactured cold chain solutions

Views - 57 Monday, 4 March 2019 00:15

Frostaire, Sri Lanka’s premier cooling service provider, has become the first company to localise the manufacture of cold rooms and freezer trucks for the local market. Yet another milestone for the home-grown brand, this newest addition to Frostai


Luncheon meeting with US Ambassador to Sri Lanka and Maldives

Views - 162 Monday, 4 March 2019 00:15

The Sri Lanka-USA Business Council of the Ceylon Chamber of Commerce organised a luncheon meeting with Ambassador of United States of America to Sri Lanka and Maldives Alaina B. Teplitz on 20 February at the Hilton Colombo Residencies.


India’s growth may decelerate further despite election spending

Views - 20 Monday, 4 March 2019 00:00

NEW DELHI/MUMBAI (Reuters): Billions of dollars of pre-election spending by the Indian Government and political parties in the next two months is unlikely to stop the nation’s economy from slowing further, economists said. Asia’s third-largest ec


SLT launches ‘PEO TV BIZ’ to cater to SMEs on popular demand

Views - 35 Monday, 4 March 2019 00:00

Sri Lanka Telecom (SLT), the national telecommunications provider, launched its newest product, ‘PEO TV BIZ’, providing a multiple-TV solution to the requirements of Small and Medium Enterprises sector in the country. Under this service, five to


Strengthening and reawakening rural economy through Gamperaliya Program

Views - 25 Monday, 4 March 2019 00:00

The Gamperaliya Program is aimed at reawakening and reviving the rural economy by converting villages into centres of focus and economic hubs. In the past, the urban economy was considered the economic hub that would develop the national economy. Th


Malik makes supervising visit to largest export processing zone at Bingiriya

Views - 57 Monday, 4 March 2019 00:00

Initiation of the largest export processing zone of the country which is the Bingiriya Export Zone will be commenced by Prime Minister Ranil Wickremesinghe on 4 March. Minister of Developmental Strategies and International Trade Malik Samarawickrama


COMSATS officers meet Minister of Science, Technology and Research

Views - 19 Monday, 4 March 2019 00:00

Commission on Science and Technology for Sustainable Development in the South (COMSATS) Executive Director Dr. Zaidii Junaid and a delegation from Pakistan made a visit to the Minister of Science, Technology and Research on 25 January. The objectiv


Ambassador of Japan welcomes JDS scholarship fellows at residence

Views - 25 Monday, 4 March 2019 00:00

The Government of Japan has been conducting a Grant Aid for Human Resources Development Scholarship (JDS) Program since 2010 to help young Sri Lankan executive officers in the public sector develop their skills and knowledge, hoping that they will be


Sarrah Sammoon wins Business Excellence at inaugural Abdul Khalam Memorial Award

Views - 309 Monday, 4 March 2019 00:00

Magellan Champlain CEO Sarrah Sammoon was recognised at the inaugural Abdul Khalam award ceremony organised by Vishwam Campus and Achiever’s Foundation held at Kadirgamar Centre, Colombo-7 recently. She possesses over 25 years of experience in glob


Dr. Rohantha awarded Dr. A.P.J. Abdul Kalam ‘Pride of Nation’ award

Views - 100 Monday, 4 March 2019 00:00

The Dr. Abdul Kalam College of Management Technology – India in partnership with Vishwam Campus – Sri Lanka selected respected marketing professional Dr. Rohantha Athukorala for the ‘Pride of Nation’ award 2019 for his outstanding contributio


Bandara Dissanayake felicitated by Alumni Association of Japura for achievement at FCCISL Awards

Views - 41 Monday, 4 March 2019 00:00

‘Golden Icon of Japura Alumni’ Felicitation Ceremony that was organised by the Alumni Association of the University of Sri Jayewardenepura held at the Auditorium on 26 February at University of Sri Jayewardenepura. This was to mark the Entreprene


Northern economy to be linked to exports via youth force

Views - 21 Saturday, 2 March 2019 00:10

One of the lowest provincial contributors to national GDP, the Northern Province is to be linked to the export supply chain – not by the province’s manufacturing output but by leveraging an abundant resource, the youth within the Province. “I a


President visits Department of Government Printing

Views - 25 Saturday, 2 March 2019 00:00

President Maithripala Sirisena made an observational tour of the Department of Government Printing this week. During this visit, the President also looked into the shortcomings of the institute, which is making a significant contribution to the print


12 lucky ComBank Online Banking customers win Rs. 100,000 each

Views - 22 Saturday, 2 March 2019 00:00

Twelve more Commercial Bank Online Banking customers who used the platform for personal banking transactions from September to December 2018 have each won cash prizes of Rs. 100,000, concluding a promotional campaign of the bank to stimulate wider us


KYS Security Service wins FCCISL silver awards

Views - 21 Saturday, 2 March 2019 00:00

KYS Security Service, the trusted name for security solutions for over 15 years, was the proud recipient of two silver awards at the Entrepreneur of the Year awards ceremony organised by the Federation of Chambers of Commerce and Industries in Sri La


Beauty Gems wins FCCISL Gold Awards

Views - 40 Saturday, 2 March 2019 00:00

Beauty Gems, a leading company in the business of gems wins the Gold Award in National Level, Large Category and the Gold Award in Western Province, Large Category at the Sri Lankan Entrepreneur of the Year Award 2018 organised by the Federation of C


Wayamba Printpack wins 2 awards including Young Entrepreneur of the Year at FCCISL Awards ceremony

Views - 38 Saturday, 2 March 2019 00:00

Wayamba Printpack Ltd., a leading flexible packing company won two awards at the recently concluded FCCISL Awards ceremony held at BMICH under the patronage of Prime Minister Ranil Wickremesinghe. WPP Managing Director Nashad Nawas was awarded Young


Critical tax issues for consideration in Budget 2019

Views - 133 Friday, 1 March 2019 00:00

Budget 2019 is much awaited by both the public and the business community. Some of the critical tax issues arising from the new tax regime have been conveyed to the Ministry of Finance. Economic Service Charge Economic Service Charge (ESC) was intro


SL to grow by 4% in 2019: CB

Views - 50 Friday, 1 March 2019 00:00

After a lacklustre year, the Central Bank projects Sri Lanka will grow by 4% in 2019, recovering from unimpressive growth of about 3% last year and helped by a friendlier external environment despite high debt repayments and political risk. Releasin


Brandix secures benchmark ranking with highest LEED Platinum rating in Sri Lanka

Views - 40 Friday, 1 March 2019 00:00

Brandix, the leading apparel solutions provider in Sri Lanka, marked a momentous milestone in its journey towards sustainability by securing the highest LEED Platinum rating in Sri Lanka for its manufacturing facility in Batticaloa under the ‘Indus


SLASSCOM, CSE and Hatch set sights on empowering startups

Views - 30 Friday, 1 March 2019 00:00

The Colombo Stock Exchange (CSE) in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC), SLASSCOM and Hatch recently hosted an awareness session on the Empower Board, discussing specific opportunities for startups and entrepr


BOI signs agreement with Aura Apparel Exports

Views - 48 Friday, 1 March 2019 00:00

The Board of Investment of Sri Lanka (BOI) signed an agreement with Aura Apparel Exports Ltd., which is a 100% export industry company that produces woven and knitting garments including shirts, blouses, trousers and lingerie to the USA and European


Global giant HORIBA Group of Japan launches in Sri Lanka

Views - 53 Friday, 1 March 2019 00:00

The HORIBA Group of Japan, a leading company that provides analytical and measurement systems throughout the world, has entered the Sri Lankan market through the company’s regional office HORIBA India Ltd., situated in New Delhi. The ceremony to an


Today's Columnists

Dissecting the 52-day saga: A forensic analysis by a forensic expert

Monday, 18 March 2019

It was 7:30 in the evening on 26 October 2018. The day being a typical Friday, Sri Lankans had been settled for yet another uneventful weekend. Many had sat in front of TV sets watching their favourite teledramas. Suddenly, viewers got alerted by a n


Triple E class budget now needs to sail

Monday, 18 March 2019

In shipping terms Triple E (EEE) stands for economies of scale, energy-efficient and environmentally improved vessels that was developed to cater to the market/industry demands. In my analysis of the 2019 budget proposals, I feel the overall budget o


Trusted smart products – theme of World Consumer Day 2019

Saturday, 16 March 2019

Era of digitalisation It is a pity that one of the most powerful groups worldwide which is the consumer group in Sri Lanka is a powerless insignificant group in the lowest ebb on consumerism in Sri Lanka due to inaction and lack of organised efforts


The last straw in local politics today

Friday, 15 March 2019

I don’t despair easily. But a sense of desolation has overtaken me. Since it is abundantly clear that the last of the statesmen is dead and gone in Sri Lanka today. However much you may hold out hope that some knight in shining armour or street-wis


Columnists More